FORUM FUNDS
QUADRA GROWTH FUND
QUADRA VALUE EQUITY FUND
Supplement Dated September 16, 1998
to Prospectus Dated August 1, 1998
Effective September 16, 1998, Forum Funds (the "Trust") will cease offering
shares of Quadra Growth Fund and Quadra Value Equity Fund (the "Funds"). In
addition, effective September 28, 1998, the Trust will terminate the exchange
privileges applicable to the Funds. The Board of Trustees of the Trust is also
considering initiating measures to close these Funds.
The Funds reserve the right to convert their portfolio holdings to cash and/or
cash equivalents at any time.
